CRRC can acquire Vossloh’s shunter division


The Bundeskartellamt has cleared the takeover of Kiel-based Vossloh Locomotives GmbH by CRRC Zhuzhou Locomotives Co.

In light of Vossloh's strong market position in Europe on the one hand and CRRC's as yet very weak position in the European market on the other, the question of how the involvement of Chinese state-owned companies is to be assessed under merger control had to be clarified in particular. According to the President of the Bundeskartellamt, Andreas Mundt, "it could be ruled out that the takeover would lead to a significant impairment of competition in the market for shunting locomotives in Europe.

Under the direction of Prof. Dr. Justus Haucap and Prof. Dr. Christian Wey, Düsseldorf Competition Economics provided CRRC with competition economics expertise in the merger project.